Transpacific sees first major MSC blanks as rates fall and volumes falter
Following nine weeks of consecutive declines in spot freight rates on the transpacific, carriers are ...
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By Mike Wackett
There seems to be no limit to what some shippers are prepared to pay to get containers onboard sailings from Asia to Europe and the US.
This week it appeared rate ‘offers’ in excess of $20,000 per 40ft are common on both tradelanes.
Indeed, The Loadstar has seen spot rates on offer from a top-five carrier this week for late July shipment from China to Felixstowe of $21,000 for a 40ft HC.
And there are anecdotal reports of premium space and priority discharge ...
Comment on this article
Andy Lane
July 03, 2021 at 3:34 amThe “Liner market had developed into a free-for-all”! Is that not how markets are supposed to function by free competition ideology?
Mike Wackett
July 06, 2021 at 9:28 amI’m hearing that it’s more like the Wild West at the moment Andy!